NAV Update

Tiger Resource Finance PLC
06 October 2006



             Tiger Resource Finance plc ('Tiger' or 'the Company')


                                   NAV Update



The unaudited portfolio value (PV) per share (based on investments and cash
only) at 30 September 2006 was 5.38p per share.


All future reporting will be made on a quarterly basis and accordingly the next
announcement will disclose the portfolio value per share as at 31 December 2006.


For further information please contact:

Bruce Rowan, Chairman                     Tel: [phone]
Colin Bird, Director                      Tel: [phone]


6 October 2006


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